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VELVET to UGX Converter and calculator

VELVET/UGX: 1 VELVET = 245.02 UGX. The price of converting 1 Velvet (VELVET) to Ugandan shilling (UGX) is 245.02 UGX today.
VELVET
VELVET
UGX
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides VELVET to UGX real-time exchange rates, making it easy to convert Velvet (VELVET) to Ugandan shilling (UGX). The conversion result is based on real-time data. The conversion result shows that 1 VELVET is currently valued at 245.02 UGX. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 VELVET is currently valued at 245.02 UGX, which means buying 5 VELVET would cost 1,225.1 UGX. Similarly, Sh1 UGX can be converted to 0.004081 VELVET, and Sh50 UGX can be converted to 0.02041 VELVET, excluding any platform or gas fees.

Convert VELVET to UGX

Convert UGX to VELVET

Velvet
Ugandan shilling
5 VELVET
1,225.1  UGX
10 VELVET
2,450.19  UGX
20 VELVET
4,900.38  UGX
50 VELVET
12,250.96  UGX
100 VELVET
24,501.92  UGX
200 VELVET
49,003.84  UGX
500 VELVET
122,509.61  UGX
1000 VELVET
245,019.22  UGX
5000 VELVET
1,225,096.08  UGX
10000 VELVET
2,450,192.16  UGX
In the table above, you'll find a comprehensive VELVET to UGX converter that shows the value of Velvet in Ugandan shilling across commonly used conversion amounts. The list covers conversions from 1 VELVET to UGX, all the way up to 10000 VELVET, providing a clear view of their respective values.
Ugandan shilling
Velvet
50000 UGX
204.07 VELVET
100000 UGX
408.13 VELVET
In the table above, you'll find a comprehensive UGX to VELVET converter that shows the value of Ugandan shilling in Velvet across commonly used conversion amounts. The list covers conversions from 1 UGX to VELVET, all the way up to 100000 UGX, providing a clear view of their respective values.

VELVET to UGX chart

VELVET/UGX: 1 VELVET = 245.02 UGX; 2025/07/16 00:17:09
In the past 1D, Velvet has changed +14.74% to UGX. Based on the trend and price charts, Velvet(VELVET) has changed +14.74% to UGX while Ugandan shilling(UGX) has changed % to VELVET in the last 24 hours.
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VELVET to UGX conversion data: Volatility and price changes of Velvet in UGX

The highest Velvet price in UGX over the past 7 days was 313.67 UGX while the lowest Velvet price in UGX over the past 7 days was 115.01 UGX. The relative change between the highs and lows in Velvet price in UGX over the last 7 days indicates a volatility of %. You can view additional volatility data and VELVET to UGX prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
313.67 UGX
313.67 UGX
313.67 UGX
313.67 UGX
Low
188.55 UGX
115.01 UGX
115.01 UGX
115.01 UGX
Average
0 UGX
0 UGX
0 UGX
0 UGX
Volatility
%
%
%
%
Change
+14.74%
+7.32%
+30.48%
+1.00%

Velvet information

VELVET to UGX market statistics

VELVET/UGX:
Sh245.02
VELVET 24h volume:
Sh141,151,221,774.14
VELVET market cap:
Sh60,830,101,920.27
VELVET circulating supply:
248.27M VELVET

Current VELVET to UGX exchange rate

Velvet to Ugandan shilling is rising this week.
Velvet's current market price is Sh245.02 per VELVET, with a total market cap of Sh60,830,101,920.27 UGX based on a circulating supply of 248,266,670 VELVET. The trading volume of Velvet has changed by -11.34% (Sh-18,045,416,543.18 UGX) in the last 24 hours. Last trading day, VELVET's trading volume was Sh159,196,638,317.32.

More info about Velvet on Bitget

Ugandan shilling information

About Ugandan Shilling (UGX)

The Ugandan Shilling (UGX), introduced in 1966, is the official currency of Uganda and a significant symbol of the country's economic resilience and aspirations for growth. It is commonly abbreviated as UGX and represented by the symbol USh. Replacing the East African Shilling, the Ugandan Shilling was established in the wake of Uganda’s independence, marking a new era in the nation's economic journey.

Historical Background

The introduction of the Ugandan Shilling was a pivotal step in post-independence Uganda. It symbolized the country's break from its colonial past and its commitment to forging an independent economic path. The Ugandan Shilling's establishment coincided with Uganda's broader efforts to build a self-sustaining and diversified economy.

Design and Symbolism

The design of the Ugandan Shilling reflects the country's rich cultural heritage, natural resources, and wildlife. Banknotes and coins feature images of notable Ugandan figures, local flora and fauna, and key economic activities. These designs are not just utilitarian; they narrate Uganda's history, celebrate its cultural diversity, and showcase its natural beauty, thereby instilling a sense of national identity and pride.

Economic Role

The Ugandan Shilling plays a crucial role in Uganda’s economy, which includes significant sectors like agriculture, tourism, and manufacturing. As the primary medium of exchange, it supports these sectors, enabling trade, facilitating investment, and aiding the daily financial transactions of Ugandans.

Monetary Policy and Stability

Managed by the Bank of Uganda, the Shilling has faced various economic challenges, including inflation and currency volatility. The central bank's monetary policies focus on stabilizing the Shilling, controlling inflation, and fostering a conducive environment for economic growth and stability.

International Trade and the Ugandan Shilling

In international trade, the value of the Shilling is crucial, particularly for Uganda’s exports, such as coffee, tea, and gold. A stable Shilling is essential for maintaining competitive export prices and for managing the import of essential goods.

Remittances and Economic Impact

Remittances from Ugandans working abroad, especially in the Middle East, Europe, and North America, are a significant source of foreign income. These remittances, converted into Shillings, support many families and contribute to the national economy, providing a vital buffer against economic challenges.

Bitget crypto-to-fiat exchange data shows that the most popular Velvet currency pair is the VELVET to UGX, with for Velvet's currency code being VELVET. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

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How to convert VELVET to UGX

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VELVET to UGX Conversion tables

The exchange rate of Velvet is increasing.
The exchange rate of 1 VELVET to Ugandan shilling has changed by +7.32% in the last 7 days. In the last 24 hours, the rate has fluctuated by +14.74%, reaching a high of 313.67 UGX and a low of 188.55 UGX . One month ago, the value of 1 VELVET was Sh0.3466 UGX , which represents a +30.48% change from its current value. Over the last year, Velvet has changed by
+Sh
244.67UGX
, resulting in a change of +65.05% in its value.
24 hours ago1 month ago1 year ago
Amount 00:17 am today 24 hours ago 24h change
0.5 VELVET
Sh122.51Sh106.79
+14.74%
1 VELVET
Sh245.02Sh213.58
+14.74%
5 VELVET
Sh1,225.1Sh1,067.89
+14.74%
10 VELVET
Sh2,450.19Sh2,135.79
+14.74%
50 VELVET
Sh12,250.96Sh10,678.95
+14.74%
100 VELVET
Sh24,501.92Sh21,357.89
+14.74%
500 VELVET
Sh122,509.61Sh106,789.45
+14.74%
1000 VELVET
Sh245,019.22Sh213,578.9
+14.74%

VELVET to UGX FAQ

How much is 1 Velvet in UGX?
Right now, the price of 1 Velvet (VELVET) in Ugandan shilling (UGX) is Sh245.02.
How much VELVET can I buy for 1 UGX?
Based on the current exchange rate, you can get 0.004081 VELVET for 1 UGX.
How do I calculate or convert VELVET to UGX?
You can use our VELVET to UGX calculator at the top of this page to convert any amount of VELVET to UGX. We've also included quick-reference tables for the most popular conversions. For example, 5 UGX is equivalent to 0.02041 VELVET, while 5 VELVET will cost around 1,225.1UGX.
What is the highest price of VELVET/UGX in history?
The all-time high price of 1 VELVET in UGX is Sh313.67. It remains to be seen if the value of 1 VELVET/UGX will exceed the current all-time high.
What is the price trend of Velvet in UGX?
Over the past 7 days, the exchange rate of Velvet (VELVET) has gone up by 7.32%.   Over the last month, the exchange rate of Velvet (VELVET) has gone up by 30.48% against Ugandan shilling (UGX).

What factors influence the conversion rate of VELVET to UGX?

There are many factors that affect the relationship between Velvet and Ugandan shilling, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of VELVET/UGX. When there is positive news in the market about the widespread adoption of VELVET or major technological breakthroughs, it tends to trigger market optimism and drive the rise of VELVET/UGX. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in VELVET/UGX.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of VELVET/UGX. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Velvet and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Velvet currency pairs: VELVET to US Dollar (USD), VELVET to Euro (EUR), VELVET to Pound Sterling (GBP), VELVET to Canadian Dollar (CAD), VELVET to Indian Rupee (INR), VELVET to Pakistani Rupee (PKR), VELVET to Brazilian Real (BRL), VELVET to…
The price of Velvet in the US is $0.06831 USD. Additionally, Velvet’s price is €0.05888 EUR in the eurozone, £0.05103 GBP in the UK, C$0.09370 CAD in Canada, ₹5.87 INR in India, ₨19.45 PKR in Pakistan, R$0.3793 BRL in Brazil, and more.
The most popular Velvet currency pair is the VELVET to Ugandan shilling(UGX). The price of 1 Velvet (VELVET) in Ugandan shilling (UGX) is Sh245.02.

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